Mixed use

TO BE SOLD BY ONLINE AUCTION ON 23RD OCTOBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

5-7, MARKET AVENUE, ASHTON-UNDER-LYNE, OL6 6AL

Situated in a prime location in the heart of Ashton town centre, this substantial mixed-use property offers an exciting investment opportunity over four floors. The property consists of a ground-floor commercial unit, currently let on a periodic lease at £350pcm, with the added benefit of a spacious cellar providing extra storage and WC.

Above the commercial unit, there is a vacant, self-contained two-bedroom maisonette flat arranged over the upper floors. The maisonette offers spacious living accommodation, ideal for either rental or owner-occupation. With its private entrance, the residential unit provides flexibility for a potential buyer to re-let or potential for further development (subject to planning consents).

This property benefits from excellent foot traffic due to its central location, making the commercial unit an attractive proposition for tenants, while the vacant residential unit presents further value-add potential.

Similar properties nearby command combined rental prices of £1,300 - £1,400 pcm offering a potential 16% yield based on today’s guide price.

Here are a handful of similar properties which have sold close by which highlight the potential:

Market Avenue, Ashton-under-lyne, OL6 6AL Sold - 28/06/2024 £260,000 beds 0.01 mi

9, George Street, Ashton-under-lyne, OL6 6AQ Sold - 15/03/2024 £220,000 0.04 mi

Market Avenue, Ashton-under-lyne, OL6 6AL- Sold - 15/12/2023 £200,000 0.02 mi

Flat EPC rating – E